Interest Rates

[dr_praeses]

CME Eurodollar Futures (2):

A benchmark for investors globally, CME Eurodollar futures provide a valuable, cost-effective tool for hedging interest rate fluctuations on Eurodollars, which are U.S. dollars deposited in commercial banks outside the United States. Together, CME Eurodollar futures and options on futures lead the industry with open interest over 40 million and average daily volume of 3.0 million.

Plus, with over 85% of CME Eurodollar futures trading electronically on the CME Globex platform, portfolio managers can hedge short term interest rate risk with a variety of trading strategies, like Butterflies, Packs and Bundles, around the clock from around the world.

Benefits of trading CME Eurodollar futures:

Flexibility - CME continues to develop new, innovative products that provide even more flexibility for CME Eurodollar futures and options including: CME Eurodollar 5-Year E-mini Bundles, CME Eurodollar Bundles, CME Eurodollar Packs, Serial CME Eurodollars, Weekly Mid-Curve Options, and CME Subs

Concentrated Liquidity - Consistently tight bid/ask spreads and lower transaction costs for our clients

Price Transparency - Open, fair and anonymous trading environment with market prices universally available in real-time

Variety of Trading opportunities - Including outright long or short positions, spreading against other instruments, hedging and arbitrage strategies

Ease of Trading - Electronic trading on CME Globex provides reduced connectivity costs, increased accessibility, and fast, efficient trading

CME also offers CME Clearing360™, a clearing solution for over-the-counter (OTC) market participants. CME Clearing360 is an extension of existing CME Clearing services, and offers customers the flexibility of OTC transactions with the risk management efficiencies of centralized clearing.

As part of the CME Clearing360 initiative, CME offers Substitutions, or “Subs”, which allow market participants to streamline the transaction process, consolidate OTC and futures positions for administration and clearing, and work with a single counterparty - CME Clearing. To learn more about CME Subs and our new Subs pricing program, visit http://www.cme.com/subs.